The money is going towards expansion, it seems – the plan is to "further scale its sales and infrastructure divisions."

Founded in 2011, Twitch is the video-game specific subsidiary of the larger Justin.tv, was started in 2011 by. The company is a subsidiary of the larger Justin.tv, a more general streaming video platform founded by Justin Kan and Emmett Schear in 2007.

To better give you an idea what Twitch is all about, check out this highlight reel of gaming moments that players have captured using the service.